The swellable packers market is forecasted to grow by USD 204.92 mn during 2023-2028, accelerating at a CAGR of 6.46% during the forecast period. The report on the swellable packers market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in drilling activities globally, increasing need for cost-effective solutions in well completion, and growing focus on enhanced oil recovery.
Technavio's swellable packers market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
6.32%
CAGR
6.46%
Incremental Value
$204.92mn
By Type
Retrievable packers
Permanent packers
By Application
Offshore
Onshore
By Geographical Landscape
North America
Middle East and Africa
Europe
South America
APAC
This study identifies the growing adoption of hybrid swellable packers as one of the prime reasons driving the swellable packers market growth during the next few years. Also, expanding use of swellable packers in renewable energy applications and increasing focus on use of high-performance materials in swellable packers will lead to sizable demand in the market.
The report on the swellable packers market covers the following areas:
Swellable packers market sizing
Swellable packers market forecast
Swellable packers market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading swellable packers market vendors that include Abu Dhabi National Energy Company PJSC, Adani Group, Baker Hughes Co., Dedicated Impex Co., Elite Elastomers Inc., Halliburton Co., NChTZ Russia, Nine Energy Service Inc., Reactive Downhole Tools Ltd., Ruma Rubber BV, Schlumberger Ltd., Sledgehammer Oil Tools Pvt. Ltd., TAM International Inc., The Weir Group Plc, and Weatherford International Plc. Also, the swellable packers market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
4 Historic Market Size
4.1 Global swellable packers market 2018 - 2022
4.2 Type Segment Analysis 2018 - 2022
4.3 Application Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by Type
6.1 Market segments
6.2 Comparison by Type
6.3 Retrievable packers - Market size and forecast 2023-2028
6.4 Permanent packers - Market size and forecast 2023-2028
6.5 Market opportunity by Type
7 Market Segmentation by Application
7.1 Market segments
7.2 Comparison by Application
7.3 Offshore - Market size and forecast 2023-2028
7.4 Onshore - Market size and forecast 2023-2028
7.5 Market opportunity by Application
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison
9.3 North America - Market size and forecast 2023-2028
9.4 Middle East and Africa - Market size and forecast 2023-2028
9.5 Europe - Market size and forecast 2023-2028
9.6 South America - Market size and forecast 2023-2028
9.7 APAC - Market size and forecast 2023-2028
9.8 US - Market size and forecast 2023-2028
9.9 Saudi Arabia - Market size and forecast 2023-2028
9.10 Russia - Market size and forecast 2023-2028
9.11 United Arab Emirates - Market size and forecast 2023-2028